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$KORS, which competes with $RL, said that 4Q16 GM fell 20 BP to 58.2%, which included a negative foreign currency transaction impact of approx. 100 BP. The decline in GM is mainly due to a 120 BP decline in retail GM, attributable to additional markdowns, largely offset by GM benefits related to changes in geographic and segment mix.
$YHOO is reporting today after market close. Nobody cares about this stock.
$WBA is yet to receive US anti-trust clearance for its Rite Aid acquisition. The deadline for the deal expires on January 27.
$BMY plunge 7.2%. No credits to the non-acceleration of approval for lung cancer combination treatment.